There's a major disconnect in the markets between strong fundamentals and weaker valuations - and it's being driven by both negative real and fake news, according to JPMorgan Chase & Co. strategists led by Marko Kolanovic.
Kolanovic, global head of macro quantitative and derivatives research, was among the JPM analysts who published a year-ahead outlook on Friday with an expected 2019 target of 3,100 on the S&P 500 Index, implying a gain of almost 18 percent from current levels. The latest sell-off has overpriced the risk of recession, said Kolanovic's colleague John Normand, head of...Read more ...